Everyday agents · Taxes · United States (federal)
When do I have to deposit payroll taxes?
- What applies?
- Employers must deposit withheld income tax, Social Security and Medicare taxes on a monthly or semiweekly schedule and file Form 941 every quarter.
- What must I do?
- Determine your deposit schedule from the lookback period. Deposit withheld taxes electronically on time. File Form 941 for each quarter. Keep employment tax records for at least 4 years.
- What happens if I do nothing?
- Late deposits draw a penalty of 2 to 15 percent of the unpaid amount, and the people who control payments can be personally liable for withheld taxes.
- Who regulates this?
- Internal Revenue Service (IRS)
- What is the deadline?
- Monthly depositors by the 15th of the following month; Form 941 by the last day of the month after each quarter.
Sources
Read 2026-10-14 · ID agent:us:everyday:payroll-tax-deposits · sha256 5b5805864af8087832313cdf9cc73217fe4e24d2a23d2f2d5fa2220f452a9fa4
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Court decisions
not_in_register: no court decision in the register applies this rule yet. The answer rests on the cited provisions.
Machine readable: JSON. Not legal advice. Source: NovaCopilot.